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English
Noun
blind pool (plural blind pools)
- (finance) Collective investment (such as a company or syndicate) where the investors have little or no idea what is being done.
1985, Richard L. Stern, Lisa Gubernic, “The Smarter They Are, The Harder They Fall”, in Forbes, archived from the original on 10 September 2005, 05.20.85:A Manhattan-based lawyer who is an expert in "blind pool" stock issues--those with a prospectus that says we don't know what we'll do with your money--notes that one of the better tactics is pinpointing specific groups for the sales pitch.
Usage notes
May be used as a pejorative for a company providing poor information to shareholders.